HB 367 Florida House · 2025 Regular Session

Home and Service Warranty Association Financial Requirements

Summary

Home and Service Warranty Association Financial Requirements; Revises circumstances under which certain service warranty associations are not required to establish unearned premium reserves or to maintain contractual liability insurance & are authorized to allow their premiums to exceed specified ratios; requires service warranty contracts that include coverage for certain accidental damage to be covered by contractual liability policies.

Bill status in committee 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Mar 2025

House Passage

Mar 2025

Senate Passage

Governor

Introduced Feb 4, 2025 Last action Apr 29, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

H 367 c1 → H 367 c2 · 4 edits

MODERATE

The bill was amended to clarify its scope by changing the title from 'home and service warranty' to 'home warranty' and updating the description of financial requirements. A new provision was added requiring contractual liability policies to either pay 100% of claims as they are incurred or pay 100% of claims due if the association fails to pay, strengthening consumer protection. Minor technical corrections were made to the bill's title and formatting.

Scope change

The bill's scope was narrowed by removing 'service warranty' from the main title, though the text still references both home and service warranty associations in specific sections.

TECHNICAL

The bill title was changed from 'CS/HB 367' to 'CS/CS/HB 367' to reflect committee amendments.

Minor formatting and numbering corrections were made throughout the document to align with standard legislative formatting.

SCOPE

The bill description was updated to clarify that it revises requirements for home warranty associations and service warranty associations separately, with specific focus on unearned premium reserves and contractual liability policies.

REQUIREMENT

A new subsection (e) was added to 634.3077 requiring contractual liability insurance to either pay 100% of claims as they are incurred or pay 100% of claims due if the association fails to pay, enhancing financial protection for consumers.

Floor votes · House Mar 17, 2025

How they voted

24–0

Passed · 2 other

Total votes 26

Mar 17, 2025

D Democratic7

6 Yea 1

85% Yea

R Republican19

18 Yea 1

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 20, 2025

Committee

Bill referred to House Calendar

lower

Mar 19, 2025

Lower · Passed

Reported out of Commerce Committee

lower

Mar 17, 2025

House · Passed

House Vote: pass (24-0-2)

house

Mar 17, 2025

Lower · Passed

Favorable with CS by Commerce Committee

lower

Mar 13, 2025

Lower · Passed

Added to Commerce Committee agenda

lower

Mar 10, 2025

Lower · Passed

Now in Commerce Committee

lower

Mar 10, 2025

Committee

Referred to Commerce Committee

lower

Mar 7, 2025

Lower · Passed

Reported out of Insurance & Banking Subcommittee

lower

Mar 5, 2025

Lower · Passed

Favorable with CS by Insurance & Banking Subcommittee

lower

Mar 3, 2025

Lower · Passed

Added to Insurance & Banking Subcommittee agenda

lower

Feb 12, 2025

Lower · Passed

Now in Insurance & Banking Subcommittee

lower

Feb 12, 2025

Committee

Referred to Commerce Committee

lower

Feb 12, 2025

Committee

Referred to Insurance & Banking Subcommittee

lower

1 primary · 0 co-sponsors